Extell Development Acquires Office Building On Upper West Side For $930M

Extell Development Company has acquired an office property located at 77 West 66th Street in the Upper West Side market. The transaction took place on 03/01/2022 with a sale price of $930,000,000. The property has a total square footage of 1,200,000, resulting in a price per square foot of $775. The seller of the property was Silverstein Properties, while the buyer was represented by Gary Phillips & Will Silverman from Eastdil Secured.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $930,000,000
• Address: 77 West 66th Street
• Market: Upper West Side

The acquisition of the property at 77 West 66th Street was facilitated by Extell Development Company, led by their representatives Gary Phillips & Will Silverman from Eastdil Secured. Extell Development Company purchased the office asset from Silverstein Properties. The transaction marks a significant milestone for all parties involved in the deal.